The Supreme Court upheld the validity of Parliament (Prevention of Disqualification) Amendment Act, 2006, which permits MPs and MLAs to hold any other office of profit during their tenure as MPs and MLAs. A bench comprising Chief Justice K G Balakris ..
Chief Justice of India K G Balakrishnan reiterated that every judge of Supreme court or High Court is free to make his or her assets public and he has not prevented anyone from doing so.Mr Justice Balakrishnan was talking to the media persons after a ..
The Supreme Court granted four weeks time to the petitioner to respond to the counter affidavit filed by Mayawati government in installation of statues case.Petitioner Mr Ravi Kumar and Mr Sukumar were seeking CBI investigation into the allegations o ..
As it stands today, India will adopt International Financial Reporting Standards (IFRS) from the year 2011. Companies whose accounting year ends on March 31 will issue the first IFRS financial statements for the year 2011-12. Companies which use the ..
The Supreme Court has expressed dismay over the ignorance of the legal fraternity of the traditional rules of interpretation of law called Mimansa principles.The observation was made by the apex court while allowing the appeal of Vijay Narayan Thatte ..
The Supreme Court has disapproved the method adopted by a school management for selecting the headmaster of the school by secret ballot. A bench comprising Justices S B Sinha and Cyriac Joseph, while dismissing the appeal of P Thurai Pandian against ..
The Supreme Court, while holding that the court cannot reappreciate and re-examine the findings recorded by an inquiry officer, has upheld the dismissal of the private secretary of a UP Minister on the charges of defrauding his boss.Manmohan Nath Sin ..
Accounting regulator Institute of Chartered Accountants of India (ICAI) is contemplating prohibiting chartered accountant firms from using identical names, a decision which may have implications for accountancy firms like PwC and Deloitte. "We a ..
Individuals aspiring to become insurance agents will have to write the qualifying exam on-line. The insurance regulator IRDA is set to scrap the present system of manual exams for prospective insurance agents to curb malpractices, said a senior offic ..
Trusts and institutions carrying out charitable activities will face more stringent taxation regime when the new direct taxes code comes into play from April 1, 2011. The proposed tax regime may discourage people from undertaking altruistic activitie ..
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